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Last €2.01 EUR
Change Today -0.053 / -2.57%
Volume 0.0
K1L On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 3:09 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln educational services (K1L) Snapshot

Open
€2.01
Previous Close
€2.07
Day High
€2.01
Day Low
€2.01
52 Week High
07/2/14 - €3.26
52 Week Low
08/13/14 - €1.60
Market Cap
48.0M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
23.8M
EX-Date
03/10/15
P/E TM
--
Dividend
--
Dividend Yield
4.14%
Current Stock Chart for LINCOLN EDUCATIONAL SERVICES (K1L)

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lincoln educational services (K1L) Details

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services in the United States. It offers degree and diploma programs in five principal areas of study, including automotive technology, health sciences, skilled trades, hospitality services, and business and information technology to recent high school graduates and working adults. As of March 10, 2015, it operated 31 campuses in 15 states under the Lincoln College of Technology, Lincoln Technical Institute, Euphoria Institute of Beauty Arts and Sciences, Lincoln Culinary Institute, and Lincoln College of New England brand names. The company was founded in 1946 and is based in West Orange, New Jersey.

2,191 Employees
Last Reported Date: 03/16/15
Founded in 1946

lincoln educational services (K1L) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $500.0K
President and Chief Operating Officer
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

lincoln educational services (K1L) Key Developments

Lincoln Educational Services Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment of Long-Lived Assets for the Fourth Quarter Ended December 31, 2014; Decides to Eliminate Cash Dividend for 2015; Provides Earnings Guidance for the Year 2015

Lincoln Educational Services Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $85.449 million, compared with $87.441 million for the fourth quarter of 2013. The decrease in revenue was due to a 3% decline in average student population to approximately 14,400. Revenue was also reduced by an increase of $1.0 million in scholarships as well as the reduction in the number of schools as a result of the merger of the Company's Las Vegas, NV and Hamden, CT campuses into neighboring Lincoln campuses. Average revenue per student increased by 0.8% primarily due to tuition rate increases. Operating income was $10.4 million, excluding impairment of long-lived assets of $1.5 million, compared to $7.0 million for last year's fourth quarter. Operating income was $8.912 million against $7.016 million a year ago. Income from continuing operations before income taxes was $7.606 million against $5.732 million a year ago. Income from continuing operations was $7.112 million, or $0.31 per basic and diluted share, for the fourth quarter of 2014 compared to $20.525 million or $0.91 per basic and diluted share a year ago. Net income was $4.638 million or $0.20 per basic and diluted share against net loss of $32.145 million or $1.42 per basic and diluted share a year ago. Adjusted EBITDA was $17.221 million against $12.496 million a year ago. Net cash provided by operating activities was $10.701 million against $12.583 million a year ago. EBITDA was $13.627 million against $12.496 million a year ago. The 2014 fourth quarter results included $3.6 million, or $0.16 per share, in non-recurring charges relating to impairment of long-lived assets, executive severance and a loss contingency relating to the company's campuses in Massachusetts. Excluding these charges, income from continuing operations would have been $10.7 million, or $0.47 per share compared with $0.20 per share. For the full year, the company reported revenue for the full year 2014 of $325.022 million, representing a decrease of 4.8% from $341.512 million for 2013 primarily due to a 5.4% decline in average student population offset by a slight increase of 0.6% in average revenue per student due to tuition rate increases diluted by additional scholarships of $3.4 million compared to prior year. In addition, revenue was reduced with the merger of the Company's Las Vegas, NV and Hamden, CT campuses with neighboring Lincoln campuses. Operating loss was $48.549 million against $6.922 million a year ago. Loss from continuing operations before income taxes was $53.712 million against $11.534 million a year ago. Loss from continuing operations was $49.487 million, or $2.17 per basic and diluted share, for the fourth quarter of 2014 compared to $31.125 million or $1.38 per basic and diluted share a year ago. Net loss was $56.133 million or $2.46 per basic and diluted share against $51.286 million or $2.28 per basic and diluted share a year ago. Adjusted EBITDA was $14.371 million against $18.812 million a year ago. Net cash provided by operating activities was $12.022 million against $3.246 million a year ago. LBITDA was $29.051 million against EBITDA of $14.904 million a year ago. The 2014 results include $38.9 million, or $1.70 per share, in non-recurring charges relating to impairment of goodwill and long-lived assets, executive severance and a loss contingency relating to the company's campuses in Massachusetts, offset by a valuation allowance. Excluding these charges, loss from continuing operations would have been $10.6 million, or $0.47 per share compared with $0.16 loss per share. For the fourth quarter, the company reported impairment of goodwill and long-lived assets of $1.521 million. The company provided earnings guidance for the full year 2015. Based on currently available data and operations, the board of directors has approved the company's plan to stop new student enrollment at its Fern Park (Orlando), FL campus due to unprofitable operations. The company anticipates completing the teach-out of this campus during the first quarter of 2016. The company expects revenue from continuing operations, cash flow from operations and student starts for 2015 to be relatively flat with 2014 levels at approximately $320.0 million, $12.0 million and 15,300, respectively. The guidance provided excludes the Fern Park, FL campus and the previously merged Las Vegas, NV and Hamden, CT campuses. Net loss per share in 2015 is expected to range from $0.32 to $0.47 per share. The board of directors has decided to eliminate payment of the company's cash dividend for 2015. The board expects this action will improve liquidity, increase the company's cash position, and provide additional funds available to invest in student educational programs.

Lincoln Educational Services Corporation to Report Q4, 2014 Results on Mar 10, 2015

Lincoln Educational Services Corporation announced that they will report Q4, 2014 results at 10:00 AM, US Eastern Standard Time on Mar 10, 2015

Lincoln Educational Services Corporation, Q4 2014 Earnings Call, Mar 10, 2015

Lincoln Educational Services Corporation, Q4 2014 Earnings Call, Mar 10, 2015

 

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K1L Competitors

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Bridgepoint Education Inc $9.43 USD -0.05
Capella Education Co $66.81 USD +1.05
National American University Holdings Inc $3.50 USD 0.00
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